The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.
Activity is the enemy of investment returns.
When they get their ego involved, people do things they shouldn't do.
Don't sell on bad news.
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.
It's nonsensical to derive a priceearnings ratio by dividing the known current price by unknown future earnings.
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
I think if you have mandatory carbon caps combined with a trading system, much like we did with sulfur, and if you have a tax-incentive program for investing in the solutions, that there's a package there that's very, very good.
The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.
Getting an unsophisticated client was the golden prize. The quickest way to make money on Wall Street is to take the most sophisticated product and try to sell it to the least sophisticated client.
Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
I'm always fully invested. It's a great feeling to be caught with your pants up.
Turnarounds seldom turn.
People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.
The only certainty is that there is no certainty.
Please understand, I am not saying that technology is unimportant. I understand that technology is important. But if we are just focusing on technology and investing in an IT manufacturing plant to come up with higher performance processing [chips], we will not succeed.
If I didn't believe in rooting for founders and investing in founders, I'd be a bit of a hypocrite.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
The first rule (of investing) for me is don't have rules. You find one amazing investment and that's all that matters. If you pick the right body of water, you might not need a boat.
By loving yourself, you're going to be a happy person. A lot of people don't like themselves for whatever reason.